Stock Track | Viavi Solutions Soars 5.61% in Pre-Market on Earnings Beat and Analyst Upgrade

Stock Track

May 06

Viavi Solutions' stock surged 5.61% in pre-market trading, extending gains after the company's recent financial results.

The company reported fiscal third-quarter earnings that significantly exceeded market expectations, with non-GAAP earnings per share of $0.27 compared to the consensus estimate of $0.23, representing an 80% year-over-year increase. Non-GAAP net income reached $67.6 million, surging 99.4% from the same period last year.

Additionally, Viavi issued robust fourth-quarter guidance, projecting net revenue between $427 million and $437 million and non-GAAP EPS in the range of $0.29 to $0.31. Investment bank B. Riley dramatically raised its price target on the stock from $26 to $53 while maintaining a Buy rating, contributing to the positive sentiment.

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Non-GAAP net income reached $67.6 million, surging 99.4% from the same period last year.</p><p>Additionally, Viavi issued robust fourth-quarter guidance, projecting net revenue between $427 million and $437 million and non-GAAP EPS in the range of $0.29 to $0.31. Investment bank B. Riley dramatically raised its price target on the stock from $26 to $53 while maintaining a Buy rating, contributing to the positive sentiment.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VIAV","symbol_name":"Viavi Solutions Inc.","start_time":0,"source_url":"","article_id":"1152439671","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1152439671","pubTimestamp":1778073952,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Viavi Solutions' stock surged 5.61% in pre-market trading, extending gains after the company's recent financial results.The company reported fiscal third-quarter earnings that significantly exceeded...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"VIAV":"Viavi Solutions Inc."},"translate_title":"股票追踪|Viavi Solutions盘前飙升5.61%，因盈利超出预期和分析师上调评级","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VIAV":1},"content_text":"Viavi Solutions' stock surged 5.61% in pre-market trading, extending gains after the company's recent financial results.The company reported fiscal third-quarter earnings that significantly exceeded market expectations, with non-GAAP earnings per share of $0.27 compared to the consensus estimate of $0.23, representing an 80% year-over-year increase. 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